Can I retire at age 46 with 1,680,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$138,733$137,497$136,291$135,115$133,966$129,315
2 years$68,680$67,401$66,161$64,959$63,793$59,156
3 years$45,332$44,047$42,810$41,620$40,473$35,995
4 years$33,660$32,379$31,155$29,985$28,866$24,581
5 years$26,659$25,386$24,178$23,031$21,943$17,863
6 years$21,993$20,729$19,539$18,418$17,363$13,490
7 years$18,661$17,408$16,237$15,143$14,121$10,455
8 years$16,164$14,922$13,770$12,703$11,714$8,253
9 years$14,222$12,993$11,860$10,820$9,865$6,603
10 years$12,670$11,452$10,340$9,327$8,406$5,338
11 years$11,401$10,195$9,103$8,117$7,229$4,349
12 years$10,344$9,151$8,079$7,120$6,265$3,566
13 years$9,450$8,270$7,218$6,286$5,463$2,938
14 years$8,685$7,517$6,485$5,580$4,789$2,431
15 years$8,022$6,867$5,855$4,976$4,216$2,018
16 years$7,443$6,300$5,309$4,456$3,726$1,679
17 years$6,932$5,802$4,831$4,003$3,304$1,401
18 years$6,479$5,361$4,410$3,608$2,938$1,170
19 years$6,074$4,969$4,037$3,260$2,619$979
20 years$5,710$4,617$3,705$2,953$2,339$820
21 years$5,381$4,301$3,408$2,680$2,093$688
22 years$5,082$4,015$3,141$2,436$1,876$578
23 years$4,810$3,755$2,900$2,219$1,684$485
24 years$4,560$3,518$2,682$2,024$1,514$408
25 years$4,331$3,302$2,484$1,848$1,362$343
26 years$4,120$3,103$2,304$1,690$1,227$288
27 years$3,925$2,920$2,139$1,547$1,106$243
28 years$3,744$2,752$1,989$1,417$998$204
29 years$3,576$2,596$1,851$1,300$901$172
30 years$3,420$2,452$1,724$1,193$814$145
31 years$3,274$2,318$1,607$1,095$736$122
32 years$3,137$2,193$1,500$1,007$666$103
33 years$3,009$2,077$1,400$926$603$87
34 years$2,888$1,968$1,308$852$546$73
35 years$2,775$1,867$1,223$784$494$62
36 years$2,668$1,772$1,144$722$448$52
37 years$2,567$1,683$1,071$665$406$44
38 years$2,472$1,599$1,003$613$368$37
39 years$2,382$1,521$940$565$334$31
40 years$2,297$1,447$881$522$303$26
41 years$2,216$1,377$826$481$275$22
42 years$2,139$1,312$775$444$249$19
43 years$2,066$1,250$727$410$226$16
44 years$1,996$1,191$682$379$205$13
45 years$1,930$1,136$641$350$186$11
46 years$1,866$1,084$602$323$169$9
47 years$1,806$1,034$565$298$154$8
48 years$1,748$987$531$276$140$7
49 years$1,693$943$499$255$127$6
50 years$1,640$901$469$235$115$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,680,000, adding $2,013 every year, while hoping to spend $20,184 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 52/23/25 Blend
45$1,680,000$1,680,000$1,680,000$1,680,000
46$1,853,436$1,764,396$1,738,356$1,936,786
47$2,021,011$1,829,376$1,775,116$2,059,700
48$2,205,002$1,896,864$1,812,430$2,191,108
49$2,407,063$1,966,960$1,850,297$2,333,643
50$2,629,013$2,039,771$1,888,712$2,488,375
51$2,872,861$2,115,408$1,927,672$2,656,478
52$3,140,815$2,193,985$1,967,171$2,839,246
53$3,435,310$2,275,622$2,007,203$3,038,101
54$3,759,029$2,360,445$2,047,761$3,254,608
55$4,114,926$2,448,584$2,088,838$3,490,491
56$4,506,259$2,540,174$2,130,424$3,747,646
57$4,936,612$2,635,358$2,172,509$4,028,160
58$5,409,940$2,734,284$2,215,081$4,334,330
59$5,930,595$2,837,105$2,258,128$4,668,685
60$6,503,376$2,943,983$2,301,635$5,034,010
61$7,133,568$3,055,086$2,345,587$5,433,371
62$7,826,995$3,170,589$2,389,968$5,870,143
63$8,590,075$3,290,674$2,434,758$6,348,042
64$9,429,877$3,415,532$2,479,937$6,871,161
65$10,354,194$3,545,361$2,525,484$7,444,006
66$11,371,608$3,680,371$2,571,374$8,071,542
67$12,491,579$3,820,776$2,617,582$8,759,234
68$13,724,530$3,966,803$2,664,081$9,513,101
69$15,081,943$4,118,689$2,710,839$10,339,774
70$16,576,475$4,276,678$2,757,826$11,246,556
71$18,222,068$4,441,028$2,805,006$12,241,490
72$20,034,088$4,612,007$2,852,342$13,333,436
73$22,029,465$4,789,895$2,899,795$14,532,153
74$24,226,855$4,974,985$2,947,323$15,848,393
75$26,646,816$5,167,581$2,994,881$17,293,996
76$29,312,001$5,368,002$3,042,419$18,882,009
77$32,247,372$5,576,581$3,089,887$20,626,803
78$35,480,436$5,793,665$3,137,230$22,544,211
79$39,041,503$6,019,617$3,184,389$24,651,673
80$42,963,973$6,254,816$3,231,303$26,968,406
81$47,284,653$6,499,656$3,277,907$29,515,580
82$52,044,101$6,754,553$3,324,130$32,316,516
83$57,287,009$7,019,936$3,369,898$35,396,912
84$63,062,628$7,296,256$3,415,133$38,785,079
85$69,425,228$7,583,985$3,459,753$42,512,207
86$76,434,616$7,883,615$3,503,669$46,612,665
87$84,156,694$8,195,659$3,546,789$51,124,317
88$92,664,084$8,520,654$3,589,014$56,088,884
89$102,036,816$8,859,161$3,630,241$61,552,333
90$112,363,078$9,211,767$3,670,361$67,565,314
91$123,740,051$9,579,083$3,709,257$74,183,634
92$136,274,828$9,961,750$3,746,809$81,468,783
93$150,085,421$10,360,436$3,782,888$89,488,516
94$165,301,877$10,775,840$3,817,357$98,317,490
95$182,067,505$11,208,693$3,850,076$108,037,965
96$200,540,230$11,659,758$3,880,892$118,740,584
97$220,894,081$12,129,833$3,909,649$130,525,224
98$243,320,834$12,619,753$3,936,180$143,501,941
99$268,031,827$13,130,389$3,960,310$157,792,003
100$295,259,948$13,662,652$3,981,855$173,529,037